USI Insurance Services LLC and a former brokerage official who left the firm to join a rival have filed charges against each other in federal court.
Todd Morris was a senior vice president at CB Insurance LLC, which was acquired by USI in January 2021, according to USI’s complaint filed in US District Court in Denver in USI Insurance Services LLC v. Todd Morris.
The complaint alleges that Mr. Morris, in violation of the non-solicitation and confidentiality and trade secret agreement he signed, obtained confidential information with the help of another former CB employee and then “suddenly and unexpectedly” announced his resignation. He and his co-worker joined competitor Moody Insurance Agency of Denver.
The complaint accuses Mr. Morris for breach of contract, misappropriation of trade secrets and civil theft and seeks injunctive relief.
Mr. Morris denied the allegations in a court filing on Tuesday. He said he did not disclose confidential information and characterized the agreement he signed as a “take it or leave it”; contract.
Mr. Morris asked the court to dismiss the USI complaint and declare the agreement void. He is also seeking punitive damages and damages.
Earlier this week, a Minnesota state court ruled in USI’s favor in poaching litigation it brought against Alliant Insurance Services Inc. and a former USI employee who left to join Alliant.